Digital Business Transformation Market Scope
Digital business transformation, an integration of digital technology to meet customer expectation and improve the speed and efficiency in which services are provides in all areas of a business. It is a profound transformation of business and organisational activities, competencies and models to wholly leverage the changes and opportunities of a mix of digital technologies, with present and future shifts. Digital transformation adoption has reached the next level in some countries, especially developed ones. Technically advanced countries such as Japan aims to use digital transformation in the country’s new initiative known as Society 5.0, which is highly advanced as compared to ongoing Industry 4.0 trend.
The market study is segmented and major geographies with country level break-up. According to AMA, the Global Digital Business Transformation market is expected to see growth rate of 21.2% and may see market size of USD700.1 Billion by 2024.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Digital Business Transformation market throughout the predicted period.
IBM Corporation (United States), Microsoft Corporation (United States), SAP (Germany), Dell EMC (United States), Cisco Systems, Inc. (United States), Google (United States), Accenture PLC (Ireland), CA Technologies (United States), Cognizant (United States), Adobe Systems (United States), Oracle Corporation (United States), Hewlett Packard Enterprise (United States), HCL Technologies (India), TIBCO Software (United States) and Marlabs (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Equinix (United States), Capgemini SE (France), WIPRO Limited (India), Sopra Steria Group SA (France), Swiss Post Solutions (Switzerland) and Mphasis (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Digital Business Transformation market by Type, Application and Region.
On the basis of geography, the market of Digital Business Transformation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
February 2019, IBM partnered with COFCO International (CIL) (China), a food and agriculture company, wherein SAP will integrate and digitally transform the business processes of CIL through the implementation of a new SAP platform, including SAP S/4HANA, SAP Ariba, SAP SuccessFactors, and SAP Master Data Governance. IBM Services will help CIL rapidly digitally transform its business, standardize and simplify its processes, and vertically integrate its operations.
- Continuously Proliferation of Mobile Devices and Application
- The Advent of IoT and Rapid Adoption of Cloud Services
- Digitalizing Organizational Business Functions to Serve Changing Customer Preferences and Enhance Operational Efficiency
- The Emergence of Industry 4.0 and Rapid Advances in Digital Technology are Redefining Society
- Demand for Personalized Digital Transformation
- The Growth in the Usage of Disruptive Technologies include Artificial Intelligence, Machine Learning, and Big Data Globally
- Security and Privacy Concerns for Confidential Data
- The Dearth of Skilled Professionals
- Issues Related to IT Modernization
Key Target AudienceTechnology Providers, Software Companies, Cloud Service Providers, Hardware Manufacturing Companies, End Users and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase